RE:EPL Needs to Be More Creative in Unlocking Value You are correct, HornbyBay. The recent sale by Kiska is a great model and interesting way to expose shareholders to many irons in many fires. Altius did something similar at Voisey’s Bay and now they are a $10 - $15 stock although they bought the 0.3% royalty for $13.6m in 2003. Eagle Plains appears to have a more grass roots approach by staking prospective ground then vending properties to other companies. But the Kiska deal is a cookie cutter of what Eagle Plains does and has done
According to various past News Releases, EPL holds dozens of NSR’s on properties being explored by up to 10 other companies. These are typically a 2% NSR most of which can be bought down to 1% for $1m. This kind of exposure to mineral deposit discoveries seems to be a major component of Eagle Plains project generator business model.
And, periodically, when drilling indicates potential for an orebody, EPL’s stock rises accordingly - as was the case when it reached $1.00 in 2007 and $1.20 in 2010 with the Copper Canyon discovery and CPY spin-off.
After 20 years with no rollbacks, $4 million in the kitty and 85 million shares outstanding, EPL is a favourite in my portfolio whether it’s trading at 14 cents (like today) or 30 - 50 cents like some posters think it should tomorrow. I have owned shares in EPL and its spin-off companies (NG, NCQ, OMM & CLE) for years and these are just my observations and opinions, not investment advice.
However, as I humbly opined in my June 26, 2016 post, EPL's current projects (Fisher & Iron Range ) hold considerable promise for future vending and unlockeable value. EPL's comprehensive and informative website https://www.eagleplains.com makes doing one's own DD relatively easy, IMHO.